Buyer Contingencies. This Agreement shall be completely contingent upon Buyer's satisfaction of or Buyer's waiver (at Buyer’s sole discretion) of the contingencies set forth below in this Section 3.02 (the "Buyer Contingencies"), by 5:00 P.M. on April 3, 2020 (the "Buyer Contingency Period"). The date upon which all Buyer Contingencies are either satisfied or waived, pursuant to Section 3.03 or otherwise, shall be referred to as the "Buyer Contingency Date". The Buyer Contingencies are as follows:
Buyer Contingencies. Unless waived by Buyer in writing, Buyer’s obligation to purchase the Real Property shall be subject to and contingent upon each of the following:
Buyer Contingencies. The obligations of Buyer under this Agreement are contingent upon each of the following (the “Contingencies”):
Buyer Contingencies. This Offer is contingent upon the following items (collectively “Buyer Contingencies”): □ Financing Contingency of Buyer being able to obtain: □ first mortgage loan commitment □ construction loan commitment within days of the Effective Date (“Financing Deadline”) for a combined amount not less than $ for a term of not less than years with an initial interest rate not to exceed % per annum with monthly payment not to exceed $ for principal and interest. □ Other Contingency: Buyer agrees to pay all customary financing costs (including closing costs), to apply for financing promptly and to provide evidence of application promptly upon City’s request. If, despite Buyer good faith efforts, Xxxxx is not able to obtain financing on the above terms (or other terms reasonably acceptable to Buyer), Buyer shall promptly, and on or before the expiration of the Base Period or Renewal Period, whichever is applicable, deliver written notice to City of same including copies of lender(s) rejection letters or other evidence of unavailability. If Buyer’s notice is timely given, this Offer shall be null and void, but City shall retain the Xxxxxxx Money and any Extension Fee.
Buyer Contingencies. In addition to the Due Diligence contingency above, Buyer shall have the following contingencies:
Buyer Contingencies. In addition to Xxxxx’s right to terminate this Agreement pursuant to Section 8, Buyer’s obligations under this Agreement are contingent on Buyer satisfying itself as to the following matters by the dates or within the time periods set forth in each subsection below. Failure of Buyer to give written notice of exercise of the contingency as of such date constitutes waiver of such contingency. If Xxxxx gives notice of the exercise of such contingency, then the Parties will proceed pursuant to Section 10:
Buyer Contingencies. This Offer is contingent upon the following items (collectively “Buyer Contingencies”): □ Financing Contingency: This Offer is contingent upon Xxxxx being able to obtain: □ first mortgage loan commitment □ rehabilitation/construction loan commitment within days of the Effective Date (“Financing Deadline”) for a combined amount not less than $ for a term of not less than years with an initial interest rate not to exceed % per annum with monthly payment not to exceed $ for principal and interest. Xxxxx agrees to pay all customary financing costs (including closing costs), to apply for financing promptly and to provide evidence of application promptly upon Seller request. If, despite Buyer good faith efforts, Xxxxx is not able to obtain financing on the above terms (or other terms reasonably acceptable to Buyer), Buyer shall promptly, and on or before the Financing Deadline, deliver written notice to Seller of same including copies of lender(s) rejection letters or other evidence of unavailability. If Buyer’s notice is timely given, this Offer shall be null and void, but Seller shall retain the Xxxxxxx Money and any Extension Fee. □ Inspection Contingency. This Offer is contingent upon Xxxxx conducting at Buyer’s sole expense an inspection and/or testing or sampling for , which work must be conducted by an individual or entity approved by Seller in writing and must be in strict conformance with a Scope of Work approved by Seller in writing prior to entry. Buyer shall indemnify and hold harmless Seller concerning any lien rights associated with Xxxxx’s entry rights and with costs associated with Buyer’s entry. At or before Closing, Buyer will sign an affidavit regarding lien rights consistent with this paragraph indicating `Buyer has fully paid for the inspection, testing or sampling and will produce a lien waiver from the person or entity conducting the inspection, testing or sampling. Buyer must, at Buyer’s expense, repair any damage caused by or attributable to the entry, investigation, testing or sampling. Xxxxx is solely responsible for, and shall indemnify and hold harmless Seller against, any loss, cost, damage, or injury to person or property, concerning Xxxxx’s (or anyone claiming by, through, or under Buyer) entry onto the Property. Such entry is at Buyer’s sole risk. Prior to entry, Buyer shall provide to Seller evidence of insurance maintained by Buyer or its representative meeting Seller’s approval. This contingency shall be deemed satisfied unles...
Buyer Contingencies. If the Buyer timely terminates the Agreement as a result of any of the Buyer’s contingencies, the Xxxxxxx Money shall be promptly refunded to the Buyer. In addition to the Due Diligence contingency above, Buyer shall have the following contingencies:
Buyer Contingencies. The obligations of Buyer under this Agreement are conditioned upon the satisfaction or waiver of the following contingencies: (a) none of the representations and warranties of Seller herein must cease to be true and correct, and Seller must have fully performed its obligations hereunder; (b) Buyer must receive title to the Property in accordance with Section 5; and (c) Buyer must be satisfied with all its reviews of the Property and all proceedings and documents contemplated hereby in its sole and absolute discretion. If any such contingency is not satisfied or waived by Buyer by the applicable deadline noted above, then Buyer may terminate this Agreement by written notice to Seller at any time prior to such deadline and receive a full refund of any Xxxxxxx Money.
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